9 Oct 2013
USD/CHF 0.9100 supporting again
FXstreet.com (London) - USD/CHF jumped on the FOMC minutes to make a high of 0.9129 but has since come back to the figure 0.9100 testing the downside and support there.
USD/CHF now depends, again, upon Boehner and Obama standing their grounds as the market is starting to become more of a risk on/risk off trading style vs. straight dollar selling that we have otherwise witnessed to date. Meanwhile, the USD could see a soft patch still on Janet Yellen as chosen to be the new Fed chair although 0.9100 continues to hold.
USD/CHF levels
The 20 DMA is 0.9112, the 50 DMA is 0.9214 and the 200 DMA is 0.9339. RSI (14) reads 57.60. Supports are ascending from 0.8968, 0.8979, 0.9001, 0.9016, 0.9061, 0.9070 and 0.9082. Spot is currently 0.9101 while next resistances comes in at 0.9117 ahead of 0.9130.
USD/CHF now depends, again, upon Boehner and Obama standing their grounds as the market is starting to become more of a risk on/risk off trading style vs. straight dollar selling that we have otherwise witnessed to date. Meanwhile, the USD could see a soft patch still on Janet Yellen as chosen to be the new Fed chair although 0.9100 continues to hold.
USD/CHF levels
The 20 DMA is 0.9112, the 50 DMA is 0.9214 and the 200 DMA is 0.9339. RSI (14) reads 57.60. Supports are ascending from 0.8968, 0.8979, 0.9001, 0.9016, 0.9061, 0.9070 and 0.9082. Spot is currently 0.9101 while next resistances comes in at 0.9117 ahead of 0.9130.